HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: from FWR board

It has flushed out the FWR board sentiment. Now, unforeseeing something that is not available to the eye, we can presume that the FWR retailer was not a consideration here, and from what I can gather, it was expected that the retailer would be taken into consideration.

If the problem is compensation, Noront has to offer something that mitigates it's offer to FWR. I think they are smart enough to take the proper sting out of their offer, it is time for a little softball.

But then, it depends on NOT's true motivations, which we should soon find out.

vermillion.

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